Ero Copper (TSE:ERO) Hits New 1-Year High – Still a Buy?

Shares of Ero Copper Corp. (TSE:EROGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$43.25 and last traded at C$43.06, with a volume of 175372 shares. The stock had previously closed at C$40.69.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial raised their price target on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Scotiabank increased their price objective on shares of Ero Copper from C$36.00 to C$45.00 in a research note on Thursday. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and upped their price target for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Finally, Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ero Copper has a consensus rating of “Hold” and an average price target of C$34.80.

Check Out Our Latest Stock Report on Ero Copper

Ero Copper Price Performance

The company has a 50 day moving average of C$34.91 and a 200 day moving average of C$27.49. The stock has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

Ero Copper (TSE:EROGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The company had revenue of C$246.59 million for the quarter. As a group, equities research analysts forecast that Ero Copper Corp. will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile

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